ISA Allowance Calculator
Track your ISA contributions for the tax year to make sure you are making the most of your tax-free allowance. Our calculator helps you see how much you have used and how much you have left.
Your ISA Contributions
Your Allowance Summary
Total Used Allowance
£0.00
Remaining Allowance
£20,000.00
LISA Government Bonus
£0.00
Understanding Your ISA Allowance
An Individual Savings Account (ISA) is a wrapper that shelters your savings and investments from tax. Every tax year, you get an ISA allowance, which for the 2024/2025 tax year is £20,000. This is the total amount you can put into your ISAs within one tax year.
You can choose to put your whole allowance into one type of ISA or split it across several different types. For example, you could put £10,000 in a Stocks & Shares ISA, £4,000 in a Lifetime ISA, and £6,000 in a Cash ISA. Our savings comparison calculator can help you explore different options.
It is important to track your contributions to ensure you do not exceed the limit. Any funds deposited over the allowance will not be sheltered from tax.
Rules and Regulations
The rules surrounding ISAs can change, so it is wise to stay informed. The government sets the allowance each year, and there are specific rules for each type of ISA. For instance, you can only contribute a maximum of £4,000 into a Lifetime ISA each year.
If you are saving for your first home, the Lifetime ISA offers a significant 25% government bonus. If you are considering this, our Help to Buy vs LISA calculator might be useful. For official, detailed information, always refer to the official GOV.UK website.
Frequently Asked Questions
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